Singapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
Grab also pushed forward its breakeven target to the third quarter and said it expects 2023 revenue between $2.2 billion and $2.3 billion.
CNBC Technology
Elon Musk says users on X, formerly Twitter, will lose ability to block unwanted followers, eliminating key safety feature
Elon Musk said on Friday that users of the site formerly known as Twitter will no longer be able to block unwanted followers from responding to their posts.
Nvidia tops estimates and says sales will jump 170% this quarter, driven by demand for AI chips
Revenue in the second quarter doubled from $6.7 billion a year earlier and increased 88% from the prior period.
Tornado Cash founders charged with laundering more than $1 billion, including millions for North Korea
Tornado Cash founders have been charged with laundering more than $1 billion in criminal proceeds.
Crypto market bounces off recent sell-off, bitcoin rises to $26,500
Cryptocurrencies rose Wednesday as investors continued to grapple with the market's summer doldrums.
Hollywood producers take heated negotiations with writers union public, revealing latest offer
The AMPTP revealed its latest offer to the writers' union in a bid to end the strike that has gone on for more than 100 days.
Amazon AI scammers blew millions on Lake Como wedding and cars, FTC alleges
The FTC unveiled a complaint against John and Roman Cresto, alleging the brothers made tens of millions through an Amazon and Walmart storefront scheme.
What Arm's expected debut means for the IPO market and SoftBank
Arm, which is owned by SoftBank, is expected to file for its initial public offering as soon as Monday, according to reports.
Amazon is seeing some employees quit instead of moving to a new state as part of relocation mandate
As Amazon tries to get employees back to the office, some staffers are being told to relocate to hubs in different states if they want to keep their jobs
Sam Bankman-Fried isn't getting his Adderall and is surviving on 'bread and water,' lawyers say
Following a superseding indictment of Sam Bankman-Fried, lawyers for the FTX founder expressed concerns about his living conditions in jail.
This startup is helping the ocean absorb more harmful carbon emissions
JPMorgan executive explains why decarbonization is a 'megatrend' that business can't ignore
Rama Variankaval is a top climate deal-maker at JPMorgan Chase. He talks to CNBC about how and why decarbonization became what he calls a megatrend.
Tesla engineering executive Colin Campbell joins Redwood Materials as technology chief
More than 120 people who previously worked at Tesla now work for JB Straubel's recycling venture, Redwood Materials, according to LinkedIn data.
Ubisoft shares pop 9% on revised Microsoft-Activision deal
Under the restructured agreement, cloud rights to Activision Blizzard's games will be divested to Ubisoft prior to Microsoft's acquisition.
Microsoft submits new Activision Blizzard takeover deal to British regulator after initial block
Microsoft on Tuesday submitted a new deal to U.K. regulators for the takeover of Activision Blizzard after the rejection of its initial proposal.
IBM selling The Weather Channel and the rest of its weather business
IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.
Meta's Threads begins rolling out on the web, as Zuckerberg takes more direct aim at Elon Musk's X
Meta's Twitter clone called Threads is now available on the web for people to access via their desktop computers.
Coinbase takes stake in stablecoin firm Circle, shuts down joint venture as it sees 'regulatory clarity'
Cryptocurrency exchange Coinbase is taking a stake in Circle, the issuer of the USDC stablecoin.
Chinese EV maker Xpeng expects cost cuts, Volkswagen deal to narrow losses
Xpeng is attempting to revive its business this year, after its share price sank by more than 80% in 2022
IBM CEO says AI will impact white-collar jobs first, but could help workers instead of displacing them
As working age populations decline, Krishna said AI presents one of the only solutions to addressing potential productivity shortfalls.
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